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  4. Manhattan Beach Education Foundation Endowment Fund (MBEF)
EIN 45-3552314

Manhattan Beach Education Foundation Endowment Fund (MBEF)

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Manhattan Beach
State
California
Year formed
2011
Most recent tax filings
2023-06-01
NTEE code, primary
B11: Education Single Organization Support
Description
The Manhattan Beach Education Foundation Endowment provides a means for schools, individuals and businesses to work together to help children achieve their potential in an increasingly complex, interesting and challenging world by providing resources for a broad, engaging curriculum beyond what can be offered through public funding. The goal of the MBEF Endowment is to protect Manhattan Beach public schools from the erratic fluctuations of state funding, budget cuts and other economic realities by creating a long-term, stable and secure form of funding.
Related structure
MBEF is a subordinate organization under Manhattan Beach Education Foundation (MBEF).
Total revenues
$1,986,497
2023
Total expenses
$1,266,107
2023
Total assets
$23,649,646
2023
Num. employees
0
2023

Program areas at MBEF

The organization's mission is to raise, receive, hold, invest, and administer funds and property so received, and to make expenditures therefrom to supply supportive service and Fund specific programs for the benefit of the Manhattan Beach Education Foundation and in turn, the educational programs of the Manhattan Beach unified school district.

Grants made by MBEF

GranteeGrant descriptionAmount
Manhattan Beach Education Foundation (MBEF)K-12 Educational Support$1,162,951

Who funds Manhattan Beach Education Foundation Endowment Fund (MBEF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Manhattan Beach Education Foundation (MBEF)Annual Contribution To Endowment Fund$852,088
Schwab Charitable FundEducation$7,575
American Online Giving FoundationGeneral Support$6,000
...and 1 more grant received

Personnel at MBEF

NameTitleCompensation
Rich WeissChief Investment Officer$0
Hilary MahanExecutive Director$0
David BrennanDirector of Development and Partnership$0
Mitch OzawaTreasurer
Mike DuckworthDirector$0
...and 5 more key personnel

Financials for MBEF

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,003,913
Program services$0
Investment income and dividends$535,522
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$447,062
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,986,497

Form 990s for MBEF

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-19990View PDF
2022-062023-05-12990View PDF
2021-062022-05-12990View PDF
2020-062021-04-27990View PDF
2019-062020-10-29990View PDF
...and 8 more Form 990s
Data update history
May 24, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 1 new personnel
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $852,088 from Manhattan Beach Education Foundation (MBEF)
December 31, 2023
Received grants
Identified 4 new grant, including a grant for $984,408 from Manhattan Beach Education Foundation (MBEF)
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
School foundationsGrantmaking organizationsChapter / child organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationProvides grantsState / local levelEndowed supportAuction fundraisersTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
325 S Peck Ave
Manhattan Beach, CA 90266
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
endowment.mbef.org/ 
Phone
(310) 303-3342
Facebook page
MBEFEndowment 
IRS details
EIN
45-3552314
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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